Vericrest Financial Adds New Advisory Board Members

""Vericrest Financial, Inc."":https://www.vericrestfinancial.com/NoAuth/Default.aspx?ReturnUrl=%2fAccountInfo.aspx, announced Friday the formation of a new advisory board made up of financial services veterans. The company named four individuals to the board.

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Donald J. Bisenius joined the Vericrest Advisory Board following a 19-year career at Freddie Mac, where he served as EVP of single family credit guarantee business from 2008 to 2011 and held various other leadership positions.

Prior to joining Freddie Mac, Bisenius worked for the Federal Housing Finance Board and the Federal Home Loan Bank Board. He holds a Ph.D. in economics from Iowa State University and was a Dissertation Fellow at the Brookings Institution.

John P. McMurray comes to Vericrest with more than 25 years of mortgage industry experience. McMurray currently serves as the chief risk officer at Russell Investments, a position he's held since 2010. Prior to that, he served as chief risk officer at Federal Home Loan Bank and Bank of America. He earned his M.S. from M.I.T. and an M.B.A. from the University of Texas at San Antonio.

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Stephen J. Rotella possesses more than 30 years of strategic and operational leadership experience in the banking and financial services industries, working currently as the CEO of StoneCastle Cash Management.

Prior to joining StoneCastle, Rotella served as COO at Washington Mutual and spent 18 years at JPMorgan Chase serving as CEO of Chase Home Finance. He holds an undergraduate degree and an M.B.A. from the State University of New York.

Robert H. Warrington is a regional banking executive and banking industry consultant with more than 30 years of experience in management and leadership positions. He was president and CEO of First Indiana Corporation from 2004 to 2007.

Warrington started his career as a manager of mortgage banking at Summit Banking after serving his country in the United States Air Force. He holds a B.S. in business administration and an M.S.B.A. from Indiana University.

The advisory board will work to provide insight and recommendations to Vericrest relating to its strategy, new business initiatives, and industry trends.

""We are extremely delighted to welcome these individuals to Vericrest's Advisory Board, as each of them is a respected leader with an abundance of expertise and experience,"" said CEO David Schneider.

""The collective insight of our new Advisory Board will be invaluable as we expand our business while continuing to meet the needs of our customers,"" he added. ""Vericrest is focused on developing and executing our strategy to grow our servicing capacity, and the ability to tap into the collective experience of this Advisory Board will be important to our success.""

Headquartered in Dallas, Texas, Vericrest Financial, Inc., is a financial services company specializing in the servicing of residential mortgages.